http://www.abnnewswire.net/rss2/menafn/abn_menafn_en.asp
Baobab Resources Plc (LON:BAO) ('Baobab' or the 'Company') is wholly focused in Mozambique where it is developing a pig iron and ferro-vanadium project in the Tete province (the 'Tete Project'), one of Africa's fastest growing mining centres. Other assets in the Company's portfolio include the Changara project which is being operated under a Joint Venture ('JV') with ASX listed Metals of Africa (please refer to RNS dated 28 November 2012).
Baobab announces that today an exploration update was made by Metals of Africa (ASX:MTA). An extract of the announcement is presented below and the full announcement is available on the Australian Stock Exchange website:
http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=mta
Alternatively, Investors may be able to download a copy from the Company's website:
http://baobabresources.com/investor/aim-announcements
HIGHLIGHTS
- Ground exploration is continuing to identify additional zones of sulphide mineralisation, including a new lead bearing vein in the Mahdewa prospect within the Changara JV.
- The Mahdewa prospect is located between MTA's Rulio prospect, where recent rockchip sampling returned analyses of up to 75.7% lead and 229g/t silver, and the Fumo Dique prospect (also within the Changara JV tenure), where historical work returned grades of up to 15.3% lead and 39.3% silver.
- The outcropping Mahdewa vein has been mapped along strike for 200m with coarse grained galena (lead sulphide) disseminated through vein quartz. Initial XRF results of several hand samples has returned up to 80% lead, however the vein appears to have a representative grade of approximately 8.56% lead.
- The discovery of Mahdewa, in addition to the Rulio high grade lead occurrence and four other zinc bearing veins previously announced, adds to the growing evidence of the metal bearing potential of the Rio Mazoe and Changara projects and will assist in defining high priority Broken Hill Type ('BHT') drill targets.
To view the Metals of Africa announcement, please visit:
http://media.abnnewswire.net/media/en/docs/76020-bao_20131004.pdf
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